USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Mar 14, 2009

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $45,100,000 for a ticket purchased in Missouri, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Missouri

Drawing Date:Sat, Mar 14, 2009
Jackpot:$45,100,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$804,137$253,488$37,794$512,855
2$836,303$265,389$39,306$531,607
3$869,755$277,767$40,878$551,110
4$904,545$290,639$42,514$571,393
5$940,727$304,026$44,214$592,487
6$978,356$317,949$45,983$614,424
7$1,017,490$332,429$47,822$637,240
8$1,058,190$347,488$49,735$660,968
9$1,100,518$363,149$51,724$685,645
10$1,144,538$379,436$53,793$711,309
11$1,190,320$396,376$55,945$737,999
12$1,237,933$413,992$58,183$765,758
13$1,287,450$432,314$60,510$794,626
14$1,338,948$451,368$62,931$824,649
15$1,392,506$471,184$65,448$855,874
16$1,448,206$491,794$68,066$888,347
17$1,506,134$513,227$70,788$922,119
18$1,566,380$535,518$73,620$957,242
19$1,629,035$558,700$76,565$993,770
20$1,694,196$582,810$79,627$1,031,759
21$1,761,964$607,884$82,812$1,071,268
22$1,832,443$633,961$86,125$1,112,357
23$1,905,741$661,081$89,570$1,155,089
24$1,981,970$689,286$93,153$1,199,531
25$2,061,249$718,619$96,879$1,245,751
26$2,143,699$749,126$100,754$1,293,819
27$2,229,447$780,853$104,784$1,343,810
28$2,318,625$813,848$108,975$1,395,801
29$2,411,370$848,164$113,334$1,449,871
30$2,507,824$883,852$117,868$1,506,104
Total$45,100,000$15,365,717$2,119,700$27,614,582

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.